Even the biggest Dogecoin (DOGE) bull says the Shiba Inu (SHIB), which was launched as a dogecoin coin but just as popular as the original, could climb 3,200% higher than its current price.
Awesome SHIB prediction from Dogecoin bull!
As we have covered in Kriptokoin.com news, David Gokhshtein, a Dogecoin bull, says that Shabi Inu can potentially reach $0.001 from its current price. This amounts to a pump of 3,200% from SHIB’s current value, and Gokshtein believes this is possible.
Analyst wrote in a tweet Wednesday that he doubts whether SHIB will reach $1 but is confident it will reach $0.001:
I don’t believe SHIB will hit $1, but it touched $0.001 I can see. This is my personal opinion. I will take it from him.
Why is he so confident?
You might be wondering why the supporter of this meme coin is so positive that SHIB will reach $0.001. Because he also believes meme cryptos are the “gateway” to crypto for new investors. This is because meme coins often experience rapid upward price movements in their first year. This proves to be profitable for new investors who do not have much money.
For example, the Shiba Inu we mentioned added 100 million percent to its value in 2021 alone. As a result, a few people who invested negligible amounts of money were made millionaires. Dogecoin has also experienced phenomenal price bursts in this class, empowering many new investors who are likely to continue buying crypto. So Gokshtein is confident that the Shiba Inu is on the path to ascension. Earlier today, he wrote in another tweet:
I’m very optimistic about Bitcoin, but I’m open-minded to everything. Projects like SHIB will introduce people to our space who don’t know that Bitcoin can be bought partially. This is a good thing. Not bad. Good. Goodbye.
How’s SHIB doing?
The Shiba Inu has recently fallen alongside other top cryptocurrencies as the April correction lingers. While the market is showing signs of recovery, it has also turned green. Before it recovered, the price rose to $0.00002977 on April 12 after it was listed on Robinhood. At the time of writing, the price has dropped as low as $0.00002562, but if Gokshtein’s prediction comes true, it could soon rise again.
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